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Dr. Compton Bourne
Compton Bourne
President of the Barbados-based Caribbean Development Bank (CDB), Dr. Compton Bourne, has been re-elected to serve for another five-year term, promising to place the financial institution at the center stage of regional development.
The former principal and professor of economics at the St. Augustine campus of the University of the West Indies assumed office on May 1, 2001, as the bank’s fourth president.
Condominiums for sale in the United States are proving attractive to investors from places like the Caribbean.
In today’s real estate market, many foreign investors are interested in purchasing condominiums or other personal residences in the United States. Often, such investors will purchase U.S. real estate in their individual names, without fully exploring the potential U.S. income, estate and gift tax consequences associated with such ownership, or any other potential structures available through which to own such U.S. real estate.

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Owen Arthur
PORT OF SPAIN, Trinidad—
A new Caribbean Business Council (CBC) will be launched in Barbados in June to help promote private sector interest within the Caribbean community (CARICOM) Single Market and Economy (CSME), Barbados Prime Minister Owen Arthur announced last month.

Arthur said that the council would be launched on June 10 and “would not only involve the perpetuation of the existence of the CAIC (Caribbean Association of Industry and Commerce), but a re-definition of the representative body of the private sector in the region.”

Ghanaian President, John Kufuor, who left Jamaica yesterday afternoon following a three-day visit there, will be looking to develop an alumina refinery in Ghana soon.